Dechert Paris duo launches Bryan Cave

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Latest Briefings

Future of public procurement in UK in the event of ‘no-deal’ Brexit

By David Kilduff, Richard Auton or Richard Butterworth On 13 September 2018, the UK government published further guidance on the future of public procurement in the UK in the event of a “no deal” Brexit. What next for UK public procurement? Under current rules, all procurement opportunities that fall within the scope of the EU procurement […]

Third party redevelopment – Landlord may oppose tenant’s lease renewal

By Matthew Lonergan, Lucy Shepherd A recent case has confirmed that a landlord was entitled to oppose its tenant’s lease renewal under the Landlord and Tenant Act 1954 where redevelopment of the site was to be undertaken by a third party. Background The case of Santander UK PLC v LPS Estates Ltd concerned the security of […]

Sunset of £500K, dawn of GDPR enforcement and horizon of Brexit

By JP Buckley In just a short space of time, the ever-evolving world of data protection and cyber has seen yet more change: 1. Potentially one of the last enforcement actions under the Data Protection Act 1998 against Equifax – and a maximum £500,000 fine for them for failing to secure UK citizens’ personal data against […]

Officer of judgment debtor can be committed for failure to provide information under CPR 71 – Court of Appeal

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

BVI to implement changes to rules governing SPCs registered under BCA

By Michael Killourhy The British Virgin Islands (BVI) will shortly implement some important changes to the rules governing segregated portfolio companies (SPCs) incorporated or registered under the BVI Business Companies Act, 2004 (BCA). These changes, introduced by the BVI Business Companies (Amendment) Act, 2018 (the 2018 BCA Amendment Act) will come into force on 1 October […]

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Magic circle takes hit as big-ticket M&A falls away

Corporate practices at magic circle firms have been rocked by dramatic falls in big-ticket M&A during the first half of 2008. Top UK firms have seen the total value of announced deals plummet by up to 90 per cent compared with the first six months of 2007. The figures, from financial information provider Thomson Reuters, […]

3

French court fines eBay €40m over counterfeits

As dedicated followers of fashion know, a decent handbag is worth its weight in gold. But eBay has discovered that a counterfeit one could cost it almost e40m (£31.81m). As reported by The Lawyer last week (2 July) French court Tribunal de Commerce has demanded that eBay shell out almost e20m (£15.91m) to Louis Vuitton […]

Number of US legal jobs rises in June

The latest figures from the US Department of Labour showed a slight rise in the overall level of legal market employment. According to government statistics for June, although 62,000 non-farm payroll jobs disappeared nationally, the number of jobs in the legal sector rose by 300. The monthly rise follows three consecutive falls in the number […]

Manches on board as pal sues 2 Iraqi ambassadors

Manches is leading the claim against two senior Iraqi ambassadors who have been accused by a former business partner of breaching their fiduciary duty.The Iraqi ambassador to the United Nations, Talib Hadi Hamid Al-Bayati, and the Iraqi ambassador to Iran, Mohammed Majeed Abbas Al-Shaik, have been accused by childhood friend Ali Abd Al Hussein Habib […]

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Spain’s ship finance market: special rules on finance leases

Despite the international market’s uncertainty and volatility, the ship finance market in Spain is still experiencing rapid and steady growth. This is largely due to growing interest in the field from banks that have been traditionally wary of the sector. These banks, which often restricted their participation in ship finance transactions to the issuance of […]

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